The US remains a healthy major global player in trade. Click to enlarge.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in December, up $6.4 billion from $61.0 billion in November, revised. December exports were $250.2 billion, $2.2 billion less than November exports. December imports were $317.6 billion, $4.2 billion more than November imports. The December increase in the goods and services deficit showed an increase in the goods deficit of $7.4 billion to $90.6 billion and an increase in the services surplus of $1.0 billion to $23.2 billion.
For 2022, the goods and services deficit increased $103.0 billion, or 12.2% from 2021. This is the largest deficit on record as the economy continued to recover as consumers and businesses purchased higher amounts of machinery, car components, industrial supplies, medicines among other things. Exports increased $453.1 billion or 17.7% . Imports increased $556.1 billion or 16.3% helped by the purchasing of a strong dollar. Continue reading
Genesis Slowly Expanding US EV Sales
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Genesis announced today the expansion of electric vehicle sales at some retailers located in Colorado. This is another baby step taking Genesis closer to its commitment to have a fully electrified US lineup by 2030. With this expansion, the 2023 Genesis GV60 SUV is currently available at select retailers in Arizona, California, Colorado, Connecticut, Nevada, New Jersey, New York, Utah, and Washington.
The 2023 Genesis Electrified G80 sedan is available at some U.S. retailers in Arizona, California, Colorado, Connecticut, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Utah, Virginia, and Washington. (autoinformed.com on: Restricted Sale of Genesis GV60 EV Starts Today at $60,000; Genesis Opens First US Standalone Retail Store; Genesis Electrification Follows Hyundai Motor Group Ideas) Continue reading →